Super League Announces $15.25 Million Private Placement Led by Strategic Digital Asset Investor Evo Fund, Strengthening Balance Sheet and Fortifying Shareholders Equity to Meet Nasdaq Requirements

Core Viewpoint - Super League has successfully closed the first tranche of a private placement financing, raising $15.25 million, which will enable the company to become debt-free and fully capitalized, positioning it for expansion into the digital asset economy [1][2][3][4]. Financing Details - The first closing generated gross proceeds of $15.25 million, consisting of shares of common stock, pre-funded warrants, and warrants to purchase common stock [2]. - A second and final closing is expected to occur on or about October 24, 2025, subject to customary closing conditions [2]. Financial Restructuring - This financing is anticipated to help Super League regain compliance with Nasdaq's stockholders' equity listing requirements, marking the final steps in the company's restructuring towards sustainable profitability and long-term shareholder value creation [3]. - Following this transaction, Super League will be debt-free and fully funded, enhancing its financial flexibility and creating opportunities for accelerated growth [4][6]. Market Position and Strategy - Super League provides brands with solutions to reach over 200 million U.S. consumers who play video games, with the company now equipped to deepen partnerships and diversify its product portfolio [5]. - The company aims to capture a larger share of the nearly $1 trillion global advertising market, where in-game advertising currently represents less than 1% of the total [5]. - With strategic support from Evo Fund, Super League plans to expand its core gaming media business and pursue a digital asset strategy to unlock new economic opportunities [4][6]. Leadership and Future Outlook - The CEO of Super League stated that the financing marks the culmination of efforts to overhaul the balance sheet and focus on business growth, entering 2026 well-capitalized [6]. - The company plans to use the net proceeds from the offering for general corporate purposes, working capital, and strategic growth initiatives [6].